International news 12:25 p.m. 2023-11-10
Industrial and Commercial Bank of China (ICBC) has been the target of a group of high-profile hackers who have attacked other organizations in the UK in the past year, including Boeing, ION Trading UK and Royal Mail
Bloomberg news agency reported citing sources that The hacker group in question is Lockbit. The Lockbit group staged a ransomware attack on ICBC Bank in the United States. The world’s largest bank in terms of assets on Thursday (Nov. 9) was hit, causing a disruption in the U.S. bond market. Some transactions have failed. And traders must find other ways to complete deals.
Incidentally, the Lockbit group is a cybercrime group known for its ransomware attacks.
ICBC’s Financial Services Department said in a statement: A ransomware attack results in some systems being disrupted. An investigation is currently underway. and is in the process of restoring the system
The bank said it successfully completed the government bond trading transaction conducted on Wednesday (Nov. 8) and completed the repo transaction conducted on Thursday (Nov. 9).
In a ransomware attack Hackers will break into encryption and lock down corporate systems. and demand ransom money in exchange for unlocking It is currently not clear who or what organization is behind the attack.
This is despite the increase in ransomware attacks across industries in recent years. But these attacks generally have little impact on major financial markets, with the ICBC incident notwithstanding. This may raise questions about whether financial institutions and market participants can protect themselves from cyberattacks. and encourage regulatory agencies to consider this matter.
By InfoQuest News Agency (10 Nov. ’23)
Tags: hacker, ICBC, ICBC Bank, hacker
#ICBC #Bank #attacked #Lockbit #hacker #group #ransomware #InfoQuest
2023-11-10 05:56:34
